March hasn’t been great, and it’s already coming to an end. Will April be bullish? Let’s find out together.
7 Days Heatmap
The overall crypto market is back to being bearish, as evident from the crypto heatmap. BTC is ending with -1.3% and ETH with -4.77%, dragging the entire market down with them.
BTC Analysis
As mentioned in our last roundup article, BTC remains bearish within the falling wedge pattern marked in orange.
For the bulls to gain momentum again, a break above the upper orange trendline is still required.
Meanwhile, BTC will remain bearish, especially if the rising channel in green and the last low at $83,500 are broken to the downside.
ETH Analysis
As mentioned in our last ETH update, it broke below the rising blue channel.
However, for the bears to confirm control, a 4H candle close below the last low at $1,925 is still needed.
In parallel, for the bulls to regain the upper hand and push toward the $2,400–$2,500 resistance zone, a break above the $2,000 round number is necessary.
Quote of the week
Amateurs think about how much money they can make. Professionals think about how much money they could lose.
~ Jack Schwager
Closing Remarks
In summary, March ends on a bearish note, with both BTC and ETH dragging the market down. BTC remains within a falling wedge and needs to break above the upper trendline to shift momentum.
ETH has broken below its rising channel, with further downside possible if key support levels give way. Bulls will need to reclaim critical resistance zones to regain control in April.
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